Straight-through processing: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Add link.) |
||
(2 intermediate revisions by the same user not shown) | |||
Line 2: | Line 2: | ||
The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions. | The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions. | ||
One of the benefits of STP is a substantial reduction in friction costs. | |||
== See also == | == See also == | ||
* [[Friction]] | |||
* [[Payments and payment systems]] | |||
* [[Real-time]] | |||
* [[SEPA direct debit]] | * [[SEPA direct debit]] | ||
[[Category:Cash_management]] |
Latest revision as of 00:12, 12 March 2023
(STP).
The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions.
One of the benefits of STP is a substantial reduction in friction costs.